Form 4: Bentley Systems Chief Revenue Officer Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Brock Ballard, Chief Revenue Officer of Bentley Systems, reports a transaction involving the withholding of shares to cover taxes upon vesting of previously granted awards.
Summary
- On October 27, 2024, Brock Ballard, the Chief Revenue Officer of Bentley Systems, Incorporated, had 609 shares of Class B Common Stock withheld by the issuer to cover taxes due upon the vesting of previously granted awards.
- The price per share was $49.15.
- Following the transaction, Ballard directly owns 68,093 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested stock awards, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to stock awards.
Key Dates
| Date | Description |
|---|---|
| 10/27/2024 | Date of stock transaction (tax withholding) |
| 10/29/2024 | Date of signature on the Form 4 filing |
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